V-Mart Retail Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 06, 2024 at 05:21 am EST
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V-Mart Retail Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 8,890.5 million compared to INR 7,768.8 million a year ago. Revenue was INR 9,020.8 million compared to INR 7,775.8 million a year ago. Net income was INR 282.3 million compared to INR 199.7 million a year ago. Basic earnings per share from continuing operations was INR 14.28 compared to INR 10.11 a year ago. Diluted earnings per share from continuing operations was INR 14.2 compared to INR 10.08 a year ago.
For the nine months, sales was INR 21,170 million compared to INR 18,709.3 million a year ago. Revenue was INR 21,335.2 million compared to INR 18,783.7 million a year ago. Net loss was INR 578.4 million compared to net income of INR 291.1 million a year ago. Basic loss per share from continuing operations was INR 29.25 compared to basic earnings per share from continuing operations of INR 14.73 a year ago. Diluted loss per share from continuing operations was INR 29.25 compared to diluted earnings per share from continuing operations of INR 14.69 a year ago.
V-Mart Retail Limited is an India-based retail store chain that offers readymade garments and accessories. The Company operates through two segments: Retail Trade, and Digital Marketplace. The Retail Trade segment is engaged in domestic sales to customers at stores. Digital Marketplace is engaged in the commission and other income by providing a Limeroad platform for vendors. It provides a range of apparel and accessories for men, women, boys, girls, and toddlers. Its general merchandise includes footwear, home furnishings, kitchenware, toys and games, bags and luggage, and crockery. Its Kirana bazaar includes fast-moving consumer goods (FMCG) products, packaged food items, beauty, and personal care, home care, and staple products. It operates through approximately 423 stores across 26 states. Its stores are located in states/cities, including Uttar Pradesh, Delhi, Bihar, Jharkhand, Haryana, Uttarakhand, Madhya Pradesh, and West Bengal.
V-MART RETAIL LIMITED 
